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We noted in issue 31's MarketLab that James Donnelly, an American non-executive director of PMP, had been a recent buyer of PMP shares. Priced at $3.21 at the time, they're now $2.12, a good 51% lower. The culprit is the company's Preliminary Final Statement, released on 17 August, which showed that it had been a tough year for PMP. Sales were up 5.3% to $1.19bn, while earnings before abnormal items but after tax were up a mere 3.2% at $65.1m. The printing operations did reasonably well, but it was the publishing division that let the company down - earnings there dropped around 27%,...

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Let's say you purchased shares in two companies in the last 6-months which now trade at significantly lower prices (i.e. paper losses) but you were happy to hold them for the long term. Would it make sense to sell out (realising your full tax loss...

Hi Gaurav, Just a few quick questions on PMP and the mergers - The company says they expect synergies of $40m per annum, is it on an on-going basis or is it $40m p.a. for the first (few) year(s)? It struck me that $40m in cost savings p.a. on an o...

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